DOF Group ASA announced a Substantial Contract with an international oil company for the PSV Skandi Feistein. The vessel will continue with the current client on a new 18-months firm contract with a further 18-months extension option. Commencement will be in direct continuation from the existing contract. This agreement contributes to maintaining DOF’s presence in Australia.
DOF defines a Substantial Contract as a contract with value between USD 25 million to USD 50 million.